Clean Science Shares See Sharp Swings After Punching Error Triggers Unusual Volumes

Shares of Clean Science and Technology Ltd. witnessed heavy swings on Thursday after an unusual surge in trading volumes. The stock initially fell 7% in early trade, only to recover sharply and turn positive with gains of nearly 6% intraday.

The volatility came after the company clarified to CNBC-TV18 that a punching error had triggered extraordinary activity. The error, caused by Spark Avendus, led to 6 crore shares changing hands instead of the intended 2.5 crore shares.

Massive Block Deal

The mistaken trade meant that nearly 56% of the company’s outstanding equity had seemingly exchanged hands. However, the company clarified that the actual intended deal involved 2.5 crore shares, equal to 24% of outstanding equity.

Despite the clarification, details of buyers and sellers remain undisclosed, leaving the market awaiting further clarity on the transaction.

Also Read: Angel One Shares Drop Over 6% After SEBI Remarks

Market Insights

• Extraordinary volumes can trigger short-term volatility but often stabilize once clarity emerges.

• Such incidents highlight the importance of strong risk controls in block deals.

• Clean Science remains a closely watched stock due to its role in the specialty chemicals sector.

Market Update & Key Insights

• Stock fell 7% but recovered with intraday gains of 6%.

• Error caused 6 crore shares (vs. 2.5 crore intended) to trade.

• Nearly 24% of company equity legitimately exchanged in the deal.

• Uncertainty remains on counterparties to the block deal.

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